PayTo is the smarter, mandated alternative for businesses to initiate real-time payments from their customers' bank accounts.
PayTo delivers real-time account validation and funds verification, immediate reconciliation with NPP and instant notifications of payment outcomes, removing the uncertainty and long wait times of traditional direct debits. Plus, eliminate costly dishonours for both recurring payments and one-off payments.
PayTo is here and will change the way your business initiates real-time payments from your customers' bank accounts.
It’s the smart way to do business, with real-time, reliable payments to help your business streamline your operations:
Improve your cashflow with real-time transactions and funds verification.
Reduce errors and exception processing with real-time account validation.
Get notified when a payment agreement is paused, changed, or cancelled.
Simplify reconciliation with the additional data in PayTo agreements making matching easy.
PayTo will enable your businesses to make money move swiftly and securely 24/7.
PayTo gives your consumer a better customer experience. Easy to establish and simple to manage, PayTo reduces admin whilst increasing control.
PayTo features give more visibility to your customer:
Easily access and manage PayTo agreements in their internet or mobile banking.
Recurring payments, such as bills and subscriptions can be paid directly from their bank account in real-time.
Fast and simple new payments can be set up using PayID or BSB and account number.
The result is less uncertainty for both your business and your customer as each party knows the status of digital agreements at bank level.
Early adopters are already benefiting from PayTo. Since switching to PayTo with Monoova for their direct debits, Wagepay are successfully streamlining their pull payments in real-time, reducing wait times and costly dishonours.
Head of Product, Webull
CEO and Founder, Wagepay
Want to learn more about PayTo?
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Speed, convenience and efficiency are among the most important elements of a great customer experience. With PayTo you can achieve, secure, real-time, reliable direct debit payments that not only help your business run more smoothly but also brings those CX goals to life.
Want to learn more about PayTo? Our PayTo Sandbox is live.